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The tech industry is expected to grow in the foreseeable future due to the increasing applications of tech solutions across several sectors and the continuing remote working trend. Wedbush analyst Dan Ives said, “We continue to believe this pressure on the tech sector is short-lived with our belief that tech stocks will be up 10% into year-end as the tech growth stories are being massively underestimated by the Street with 3Q earnings a major positive catalyst for the tech sector.”
Given this backdrop, we think fundamentally sound tech stocks PTC Inc. (PTC), Open Text Corporation (OTEX), and F5 Networks, Inc. (FFIV) could be solid additions to one’s portfolio now.
